Our Fractional CFO’s ensure GAAP Compliance while creating and assisting with Financial Models, Budgeting and Forecasting, Financial Statements, Cash Flow, Budget v. Actual reports, profit, cost and margin analysis and specialized reporting based on your business industry. Our Fractional CFO’s ensure tax ready books and work directly with your CPA on annual tax filings.
No need to hire an expensive full-time CFO when you can utilize our Fractional CFO services on demand, as needed.
The search for a part-time CFO for your business is on! At Bookkeeping & CFO Solutions 5280, we understand that your small-sized business needs corporate-sized expertise. That’s why we offer access to experienced chief financial officers and accounting experts capable of providing hands-on, industry-specific support on a part-time basis.
You’re in the position to need fractional CFO services if:
- Your business or startup is growing quickly. However, you don’t yet have a finance staff because you can’t justify the cost of bringing in full-time employees.
- You’re struggling to get a grasp on budgeting and forecasting for your business.
- You fear that failing to establish accurate financial reporting will hinder growth.
- You’re worried that not having the right finance and accounting people in place may cause your business to lose money.
- You need someone to make sense of complex financial data, reporting standards, tax obligations, and more for your business.
Fractional CFO services can fill in the gaps in talent and expertise that are threatening to hinder your startup’s success. The return on investment when hiring a part-time CFO more than justifies the expense for a business that needs professional financial guidance to reach the next stage of growth. We help you make better financial decisions based on better data that’s driven by key performance indicators, financial reports, and old-fashioned expertise.
Business owners who choose Bookkeeping & CFO Solutions 5280 get to scale the services they need. Take a look at the robust financial services offered as part of our fractional CFO packages.
Cash Flow Management
As a business owner, you understand how difficult tracking all of the money going in and out of your business can be. While it may have been simple to track all expenses and revenues on a single spreadsheet in the earliest days of your startup, things have grown more complicated with every bit of success you’ve gained.
Our fractional CFO services provide cash flow statements reporting on your company’s sources and usage of cash related to operations, investments, and financing. Getting a grasp on your company’s cash flow is essential for assessing liquidity, flexibility, and general financial performance.
Your cash flow statement is a critical document for attracting potential investors because it catalogs your company’s ability to earn cash, manage operating expenses, and cover debts. In fact, many financial experts agree that cash flow is more important than profit.
Budgeting and Forecasting
Bookkeeping & CFO Solutions 5280 provides world-class budgeting and forecasting. While most business owners understand the basics of maintaining a budget, few people outside of the accounting profession understand how to create formal budgets and forecasts for businesses. Budgeting and forecasting are critical for plotting the forward direction of your startup.
The budgeting services included with our fractional CFO services analyze and crystallize revenue expectations for specific periods. Our forecasting services estimate revenue and income to help you analyze the direction your company is taking.
When used together, budgeting and forecasting create both a baseline for comparison and forward-looking, data-based goals. Having both is critical for determining how to allocate your startup’s budget.
Financial Models
Let’s take a look at how your business could perform in a variety of scenarios. Using world-class financial forecasting software, our accounting and finance experts can help you make critical operational decisions for your company. CFO-level financial modeling takes into account growth assumptions, risk assumptions, and other key factors to predict financial performance. These are the same tools and metrics used by major corporations to stay ahead of the curve.
At Bookkeeping & CFO Solutions 5280, our CFO-level experts are familiar with many different approaches to financial modeling. That means we can help you to look at your company’s growth potential and vulnerabilities from multiple angles. That puts you ahead of many small businesses that are only looking at their growth options using a one-dimensional model because they don’t have access to CFOs.
Financial Statement Preparation
One of the ways that small business owners make themselves vulnerable to everything from tax audits to rejection from investors is not having proper documentation of spending, revenue, and performance. Bookkeeping & CFO Solutions 5280 can prepare all of the key financial documents necessary for internal and external reporting.
This includes:
- Creating balance sheets, income statements, cash flow statements, and more
- Identifying and recording all business transactions
- Spotting and resolving anomalies
- Resolving miscalculations
- Posting to your general ledger
- Considering extenuating circumstances
- Estimating value inventory
- Reconciling bank accounts
- Closing your books
We’ll leave you with a final version of your company’s financial statement(s) that includes all necessary footnotes. In addition, we’ll prepare a cover document with all key points covered. Finally, we can assist with distributing your financial statement packets to all relevant parties.
Financial Statement Analysis
Let us help you use your company’s financial statement for essential decision-making purposes. Your financial statement provides key insights into the financial performance and business value of your startup. When you work with Bookkeeping & CFO Solutions 5280, you’ll get an idea of the impression your financial statement makes on external investors.
Lending Packages
Do you need to access a small business loan to continue growing? Many business owners underestimate just how grueling and selective the process can be.
Lenders want to see:
- Financial statements
- Cash flow statements
- Income statements
- Balance sheets
Submitting applications with missing documents or information is one of the top reasons why loan applications get rejected. You’ll need to convince a lender that your business is a “good” risk to get approved. We’ll guide you through the process of identifying loan purpose, loan amount, collateral options, ideal repayment terms, and more to increase your chances of being approved. Having a properly formed business plan is essential for getting lender approval!
Year-End Books Review and Close for Tax Preparation
Fractional CFO services from Bookkeeping & CFO Solutions 5280 take the pressure off when it’s time to close books for the year, prepare your tax information, and file your taxes.
Our CFO-level experts collaborate with tax accountants and auditors to ensure that you’re running an IRS-ready business. In addition to making sure you’re complying with all applicable tax laws, we’ll also help you discover tax advantages that are available for your business. We’ll work hard to reduce your tax burden by as much as possible.
In addition, our year-end books review can provide you with key insights into the performance of your business going into the next year of operation.
Assist With Audits
One of the most painful aspects of being a small business is that you can feel like you’re up against Goliath when the IRS comes knocking. Having a financial professional overseeing your audit can help you to avoid common mistakes that often prolong audits. Our experts can provide assistance and advisory services to ensure that you’re maintaining clear documentation throughout the process.
Board and Investor Meetings
Don’t show up at an important meeting without a CFO! It’s one of the most essential rules of establishing credibility for your business. Working with Bookkeeping & CFO Solutions 5280 means that you’ll always have a CFO with data and documents needed to demonstrate your business performance. We’ll show up ready for an intelligent conversation based on our in-depth knowledge of the financial workings of your company. Your part-time CFO is the best advocate you’ll ever have when it comes time to demonstrate the viability of your business. Our experts are adept at establishing and maintaining relationships with investors, lenders, and other stakeholders.
Has your business hit a point of growth where trying to juggle the books on your own just isn’t working any longer? Fractional CFO services from Bookkeeping & CFO Solutions 5280 can help your business face financial challenges, achieve pristine reporting, build toward growth, and operate using an optimized strategy. There’s no need to feel like your business is floundering because you aren’t ready to hire a full-time CFO. Let our experts fill in the role until you’re ready to expand your staff. Call (720) 608-6240 today to learn more!